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Russians Sell Ruble as State-Run Media Says Crisis Under Control

For ordinary Russians, what they learned about the rubles collapse depended greatly on where they turned for information.

While independent media said the central bank should have intervened more directly, and that the increase of the benchmark interest rate to 17 percent could create a crisis in the banking system, state-run outlets steered any criticism away from President Vladimir Putin and portrayed the government as ready to take firm action.

Since coming to power in 2000, Putin has regained government ownership of every major television station. With TV serving as the main source of news for most Russians living outside major cities, thats given the state incredible power to shape the news citizens receive.

The state-run media has a totally different task, said Alexei Makarkin, deputy head of the Moscow-based Center for Political Technologies. Their job isnt to inform people, but to carry out propaganda. And so theyre trying to reassure.

The ruble plummeted into a freefall yesterday, losing as much as 19 percent in the biggest one-day drop in 16 years, as panic swept across Russian financial markets after a surprise interest-rate increase overnight failed to stem the run on the currency. The ruble is being hammered as the global price of crude oil, Russias main export, plunged below $60 a barrel for the first time in five years. State-run Channel One didnt cover ruble plunge at all, except for saying that the central bank increased the key rate.

Media owned by the state or allies of Putin focused on the governments response to the crisis, if they reported on it at all. Rossiya 24 TV and Izvestia highlighted an interview with Russian Central Bank Governor Elvira Nabiullina saying she would act to defend the ruble. Rossiyskaya Gazeta and REN TV carried optimistic coverage that the ruble had strengthened after its decline.

In July, Russian state television reeled off almost every possible reason why a Malaysian Air passenger jet exploded over rebel territory in eastern Ukraine, denying some western military experts opinion that a Russian-made missile fired by pro-Russian insurgents. The cause of the crash is still under investigation.

Coverage on government-owned television is understandable in this case, said Yulia Bushueva, who helps to manage about $500 million at Arbat Capital in Moscow.

State television is having limited ruble coverage now in order not to cause panic among the people and make them run to the banks to swap their savings into dollars, which would harm the ruble even more, as those savings are pretty large, she said. Still, that may not help as Russians remember the 1998 and 2008 crises, and dont pay attention to what state TV says in such cases, she said.

Vladimir Rudenkov from Voronezh, a city about 500 kilometers (311 miles) from Moscow, was one of those ignoring the government-media assurances and taking action. Rudenkov transfered a portion of his savings into dollars yesterday and said he regretted that he didnt exchange it all.

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Russians Sell Ruble as State-Run Media Says Crisis Under Control

Press Releases: Joint Statement on EU-US High level Dialogue on Non-Proliferation, Disarmament and Arms Control

The following is the text of the Joint Statement EU-US High level Dialogue on Non-Proliferation, Disarmament and Arms Control:

Brussels, Belgium 12 December 2014

The EU and the US met on 12 December 2014 in Brussels for a High level Dialogue on Non-Proliferation, Disarmament and Arms Control. The US Delegation was led by Assistant Secretary of State for International Security and Nonproliferation Tom Countryman and by Acting Assistant Secretary of State for Arms Control, Verification and Compliance Anita Friedt. On the EU side, the meeting was chaired by EEAS Principal Adviser and Special Envoy for Non-Proliferation and Disarmament Jacek Bylica, and it included senior officials from 28 EU Member States.

The EU and the US had extensive and very constructive discussions on the following topics:

The European security environment; the preparations for the 2015 NPT Review Conference and possible contributions for a successful outcome of the Conference as well as on the recently held Conference on the Humanitarian Impact of Nuclear Weapons; and various regional issues related to the NPT and the process on a WMD Free Zone in the Middle East; the way forward for the Missile Technology Control Regime and the Hague Code of Conduct, including support for its implementation and universalisation; the ongoing preparatory process for the first Conference of States Parties to the Arms Trade Treaty; the objectives for the 2016 BTWC Review Conference; the issue of preventing proliferation financing; as well as the plans for advancing the draft International Code of Conduct for Outer Space Activities.

Both sides agreed to continue their very fruitful cooperation as long-time partners with a shared interest in promoting international security, non-proliferation, disarmament and arms control.

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Press Releases: Joint Statement on EU-US High level Dialogue on Non-Proliferation, Disarmament and Arms Control

Sydney siege: Social media could hamper police operations, being exploited by modern terrorists, expert says

A terrorism expert has warned that social media could interfere with future operations like the one which brought the Martin Place siege in Sydney to an end overnight.

"It's natural we have that curiosity to figure that out, but somebody sending a tweet saying 'I've just seen a man in SWOT gear climb a ladder', the gunman could be hearing that in real time and making a response," Professor Greg Barton told 7.30.

"We have to be careful. Maybe in this case it didn't have a consequence but there'll be other cases in the future."

At the height of the siege, NSW Deputy Police Commissioner Catherine Burn confirmed that social media was hampering their ability to control information.

"We are monitoring what's happening on Facebook clearly," she told reporters.

"We are monitoring what's happening on Twitter and that is forming a part of our tactical response in how to handle this."

But it is not just the media and a general public hungry for information that are using social media.

"Increasingly with modern terrorism we're seeing an increased focus on getting publicity and modern media, particularly social media," Professor Barton said.

"Islamic State (IS), the latest variation of Al Qaeda, is intensely interested in media and publicity and very, very good at getting it.

"And even when they've inspired some rather pathetic character to do something that's not particularly professional, what they've achieved via this guy is getting the whole world to pay attention for a 24-hour cycle."

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Sydney siege: Social media could hamper police operations, being exploited by modern terrorists, expert says

Mars shifts global media planning from Starcom to Mediacom

Mars has shifted its media planning accountfrom Starcom to Mediacom as part of a global alignment to streamline its business.

Today Mediacom confirmed its has picked up the planning element of the accountin Australia, a welcome boost for the local division which is in the midst of internal audits after irregularities were discovered in TV reporting figures for three of its clients.

Starcom will still handle the buying on the account.

US trade magazine Adweek broke the news overnight, with a Mars spokesman saying: With the constant change in the media landscape, this model will allow us to better collaborate across our global business to drive efficiency, effectiveness, and coordination in our media planning.

This change brings our planning model in line with our existing global creative agency structure, and will allow us to further focus media as a growth driver.

The move applies to all four Mars divisions Petcare, food, chocolate and Mars-Wrigley in Australia.

Mars brands include Pedigree, Whiskas, Uncle Bens, Masterfoods, Malteasers, Milky Way and Skittles.

The group had an estimated main media spend of $43.2m between November 2013 and October 2014.

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Mars shifts global media planning from Starcom to Mediacom

George ZImmerman Out On Bail, Again (Video)

George Zimmerman was back in a familiar place on Tuesday: a Florida courtroom. But this time, he faces a felony assault charge for what allegedly happened at his new girlfriends house on Monday. Both Zimmerman and his 27-year-old girlfriend, Samantha Schiebe, called 911 after an altercation.

George Zimmerman called 911 on Monday to report his pregnant girlfriend had gone crazy and called police on him after trying to kick him out.

It was a Tuesday to forget for George Zimmerman after he was charged with assaulting his girlfriend, kicked out of her house, and served with divorce papers all in the same day.

Shellie Zimmerman was breathless on the phone with a 9-1-1 operator telling the operator her husband Zimmerman was threatening with a gun. Psychologist Dr. J. Buzz Von Ornsteiner has his own theories on the domestic allegations. There may be that possibility that there was no learned insight, there was no processing. There was this idea well I was justified, I was right, said psychologist, Dr. J. Buzz Von Ornsteiner.

George Zimmerman appeared in court after being arrested for allegedly pointing a gun at his girlfriend. The husband of former Florida Secretary of State Katherine Harris was found dead. A conservative student group canceled its Catch An Illegal Immigrant Game.

A man who cut off his forearm to free himself from a dislodged boulder in a Utah canyon was arrested in Denver on allegations of domestic violence.

George Zimmerman was arrested Monday after he cocked and pointed a shotgun at his girlfriend, shattered a glass-top table, then pushed her out of the house and barricaded himself inside after she ordered him to move out

George Zimmerman was charged Monday with assault after deputies were called to the home where he lived with his girlfriend, who claimed he pointed a shotgun at her during an argument, authorities said. (Nov. 18)

George Zimmerman was spotted at the Seminole County Sheriff's Office today, where he and his girlfriend retrieved guns that were confiscated after his arrest last month, according to a TMZ.com report.

A juror in the George Zimmerman trial says she was "sure" call for help heard on a 911 call came from Zimmerman

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George ZImmerman Out On Bail, Again (Video)